Stock Price Does Not Affect Dividend Payment

It’s no secret that markets were volatile this week. On Monday, the S&P 500 opened at 1965.15 and closed at 1893.21, representing a 3.7% decline. The index’s decline continued into Tuesday, ending the day down 1.6%, putting the S&P 500 into pullback territory (a decline of 5% or more from its most recent peak). While you likely read the headlines of widespread fear of a global meltdown amid increased market volatility, the important thing to remember is to stay calm.